Lakeland Resources Ord LRESF

Crazy PP

[picaxe]

If you include warrents... We have added about 40 percent more shares ... Big dilution ... Our SP is going south ... Hope the drill is worth every share

[AllDutch1234567]

I have seen this movement in SP before. When there is a PP, some shareholders free funds - sell their shares - to participate in the PP to get those extra warrents. This causes the SP to drop.  Well the PP is closed now. Once the news gets out that we are actually drilling, the SP will go north. Patience, my friend..

[nopoo2]

With almost every private placement that's done there is an opportunity to pick up shares 10% below the PP price. This happens all the time. After the PP closes up goes the share price. Experienced investors, and knowledgeable traders, often use this bit of insight to their advantage. ttfn nopoo

[AllDutch1234567]

I totally agree. On the other hand we have inexperienced shareholders who can't wait to sell their 3000 shares with 1 penny of profit. Sometimes I hate the TSX V

[Stooge]

There is now a huge wall of warrants exercisable at .15. That puts an upper limit on the share price unless there is a really good promo. I did notice the finder of the pp participants gets his warrants exercisable at .12 ... so he will have the edge on the mass wanting to cash in at .15+ In my opinion, expect no action on drilling and price movement for 3+ months ... until the pp shares reach the

[AllDutch1234567]

A jump of CAD 0,03 today. Nice price recovery...

[picaxe]

If we hit like NXE, then 75 mil shares will be OK and spot price o U stays above $40... Looking to end of January for news ... Here's to Hoping

[AllDutch1234567]

I totally agree. This is the right spirit;-)